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File: 2017-04-13 - Vanadiumcorp-Electrochem Phase IComplete[amfinal}.docx

                                               
Vanadiumcorp-Electrochem Phase I Complete

VANCOUVER, BRITISH COLUMBIA - April 13th, 2017 - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased 
--->to announce successful completion of Phase I development of Vanadiumcorp-Electrochem Process Technology following seve
--->ral months of extensive test work conducted at Electrochem Technologies & Materials Inc. ("Electrochem") facilities in
---> Boucherville, Quebec. This represents a major milestone in advancing towards pilot testing, scheduled to begin after 
--->Phase II. 

Adriaan Bakker, CEO of Vanadiumcorp states, "Results of accelerated joint development of VanadiumCorp-Electrochem Tech
--->nology have exceeded all expectations beyond planned objectives. Confirmation of 100% green process, maximum transform
--->ation of high purity iron, vanadium, titanium from VTM and multiple feedstocks reinforce the plan to scale-up our oper
--->ations with Electrochem."

Achievements 
Commenced prototype testing of VanadiumCorp Vanadiferous Titanomagnetite "VTM"
US provisional patent application filed
The development for the production of vanadium-rich pregnant solution (VE precursor) and other specialty high purity v
--->anadium materials
Confirmation of efficient and environmentally friendly metallurgical and electrochemical processing technologies inclu
--->ding the simultaneous removal of contaminant metals and the concurrent regeneration of chemicals from VTM and waste st
--->reams 
Maximum transformation and direct recovery of all commodities (iron, vanadium and titanium) from vanadiferous titanoma
--->gnetite 
Advantage over conventional approach of roasting or smelting magnetite used for iron, steel and vanadium production wo
--->rldwide
Process capability expanded to incorporate additional feedstocks and waste streams
Expanded capability of high purity iron production by globally patented electrowinning process
Successful demonstration of Vanadiumcorp-Electrochem Technology 

Phase I established critical success and optimization through direct recovery performed by hydrometallurgical and chem
--->ical processing of vanadiferous titanomagnetite (VTM) concentrate that was extracted, prepared and beneficiated by IOS
---> Services Geoscientifiques Inc. ("IOS"), directly from the Company's 100% owned Lac Dore Vanadium Project in Chibougam
--->au, Quebec. This confirmed efficient recovery of vanadium and iron values using the jointly owned Vanadiumcorp-Electro
--->chem patent pending technology.
 
Consistent yields and recoveries (+95%) were obtained confirmed the industrial potential of the new and greener techno
--->logy that can now be applied to other vanadiferous feedstocks containing elevated concentrations of iron which are not
---> currently processed by existing conventional technologies.
 
Specific attention was made during the successive campaigns in Phase I to establish accurate materials and energy bala
--->nces, to optimize the heat and mass transfer during each operation unit, and to minimize the consumption of chemicals 
--->and utilities by recycling the various streams back to the process. Moreover, the main chemical stages were performed 
--->using reactors and equipment similar to those used industrially for facilitating the future scale-up.
 
In Phase II, Vanadiumcorp-Electrochem Technology will incorporate Electrochem's globally patented technology for elect
--->rowinning to produce high purity electrolytic iron. Scaling the process will require larger infrastructure such as rea
--->ctors to process larger batches of VTM for producing vanadium pentoxide, vanadium electrolyte and electrolytic iron fo
--->r final qualification by potential end users. Phase II will also allow VRB to assess the robustness of the fully integ
--->rated technologies by processing other vanadiferous concentrates and metallurgical by-products supplied from various i
--->ndustrial partners worldwide.
 
Based on the success of Phase I, VanadiumCorp and Electrochem are both confident about the disruptive integrated appro
--->ach having a profound impact for processing vanadium and iron feedstocks in Canada and abroad with an exclusive, envir
--->onmentally friendly technology developed in Quebec, Canada.

Non-dilutive cost mitigation variables:
Scalable Canadian government own facilities
Applicable grants and government incentives
R&D tax credits 
Collaboration partners negotiations ongoing

Vanadiumcorp is developing the worlds first vertically integrated "mine to energy storage technology" supply stream. T
--->he Vanadiumcorp plan for Canada includes 100% owned, NI 43-101 vanadium-iron-titanium resources, green process technol
--->ogy and global partnerships.

Electrochem Technologies & Materials Inc. is a research and development company that invents, develops, patents, scale
--->s-up and commercialize proprietary metallurgical and electrochemical technologies that are innovative, and sustainable
--->. Electrochem's globally patented electrowinning technology is incorporated into the co-developed production flowsheet
---> with Vanadiumcorp that includes the patent pending Vanadiumcorp-Electrochem Technology that applies direct to VTM con
--->centrate and feedstocks. More information can be found at http://www.electrochem-technologies.com/

VanadiumCorp is focused on the development of its 100% owned Lac Dore Vanadium Project. Favorable metallurgy, low impu
--->rities such as silica and no superficial oxidation allow for the direct production of high-purity VE.  Vanadiumcorp El
--->ectrolyteTM is a registered trademark of VanadiumCorp and development of high purity vanadium electrolyte targeting ma
--->ss deployment of VRFB energy storage technology in North America. Vanadiumcorp ElectrolyteTM does not degrade, is 100%
---> reusable and represents the main component of vanadium batteries to increase battery lifetime beyond a lifetime (25 y
--->ears).

For more information, contact Vanadiumcorp:
Adriaan Bakker, President, CEO
By phone: 604-385-4489 
By email: ab@vanadiumcorp.com
Website: www.vanadiumcorp.com

On behalf of the board:




Adriaan Bakker, 
President and Chief Executive Officer 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.